Dominican Republic: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in the Dominican Republic

The Dominican geometrical quantities electronic measurer market dropped rapidly to $X in 2022, with a decrease of -20.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from the Dominican Republic

In 2022, shipments abroad of electronic instruments and machines for measuring geometrical quantities decreased by -74.3% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 313% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer exports shrank rapidly to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 380%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for geometrical quantities electronic measurer exports from the Dominican Republic, with a 76% share of total exports. Moreover, geometrical quantities electronic measurer exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+62.0% per year) and the UK (-17.7% per year).

In value terms, the United States ($X) remains the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from the Dominican Republic, comprising 71% of total exports. The second position in the ranking was taken by Germany ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+65.1% per year) and the UK (-25.1% per year).

Export Prices by Country

In 2022, the average geometrical quantities electronic measurer export price amounted to $X per unit, jumping by 72% against the previous year. Overall, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of 279%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into the Dominican Republic

In 2022, approx. X units of electronic instruments and machines for measuring geometrical quantities were imported into the Dominican Republic; approximately mirroring the year before. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 113%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer imports declined markedly to $X in 2022. In general, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 127%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of geometrical quantities electronic measurer imports to the Dominican Republic, with a combined 79% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +39.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to the Dominican Republic, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Germany, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.2% per year) and Germany (+4.1% per year).

Import Prices by Country

The average geometrical quantities electronic measurer import price stood at $X per unit in 2022, shrinking by -32.5% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 43%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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